The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.

ABU DHABI / WAM HH Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Chairman of the Office of Development and Martyrs Families Affairs at the Presidential Court, has attended a silent prayer at Wahat Al Karama, organised by the Office of Development and Martyrs Families Affairs, on Commemoration Day, in appreciation of the sacrifice of the UAE’s heroes, who will ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, welcomed world leaders coming to the UAE to participate in the 28th meeting of the Conference of the Parties (COP28), whishing them success in addressing the challenges of climate change to ensure a better future for generations. His Highness said, “Today, ...

DUBAI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Thursday met individually with Santiago Peña, President of the Republic of Paraguay; Dr Abiy Ahmed, Prime Minister of the Federal Democratic Republic of Ethiopia; and Ding Xuexiang, Special Envoy of the President of the People’s Republic of China, on the sidelines of the UN Climate Change ...

BLOOMBERG The euro retreated and stocks climbed as decelerating European inflation added fuel to broader rate-cut expectations that have spurred a global rally in assets this month. The currency was trading 0.4% weaker versus the dollar after the pace of price growth in the region cooled more than expected. Ten-year bund yields were slightly lower after slipping as much as ...

BLOOMBERG November has been good to South Africa’s rand for the past five years. This time is different. South Africa’s currency is on track for an 0.3% decline against the dollar this month, one of only four emerging-market peers to weaken. MSCI’s developing nation currency index is set for a 2.9% November gain. That’s in contrast to the rand’s performance ...

DUBAI/ GULF TIME Dubai, known for its unsurpassed luxury and innovation, is now home to a groundbreaking UAE certified lab-grown diamond company that is set to redefine the luxury jewelry industry. PlasmabilityTM, Crossworks Manufacturing, a member of the HRA Group, Dubai Holding (SJM Group) and Bond have entered into a strategic partnership establishing Eviqe Diamonds, a technologically advanced pioneer in ...

ABU DHABI/ GULF TIME The Emirate of Abu Dhabi is set for its first green-hydrogen-powered smart taxi experience. Tawasul Transport, a leading transport company, is collaborating with ADNOC, the Integrated Transport Center (ITC) and Al Futtaim Motors, to create this trailblazing sustainable urban mobility initiative. Tawasul Transport, together with Al Futtaim Motors, will provide the operational data, including kilometers driven, ...

DUBAI/ WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Wednesday received Dr Mohamed Irfaan Ali, President of the Cooperative Republic of Guyana, to discuss the prospects of enhancing cooperation between the two nations in various fields. During the meeting, His Highness welcomed Dr Mohamed Irfaan Ali, who is visiting the country to participate in the Conference ...

DUBAI/ WAM In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has ordered the release of 1,249 prisoners of different nationalities from Dubai’s correctional and punitive establishments, ahead of the 52nd Union Day. Chancellor Essam Issa Al-Humaidan, Attorney General of Dubai, said that His Highness ...

ABU DHABI/ WAM Under the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, in his capacity as Ruler of Abu Dhabi, H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has approved the disbursement of a housing benefits package to UAE Nationals in the ...